Russia stock market at the opening of the newly depart downward, and probably again to check the strength level of 1100 points

Written by admin on August 26th, 2009

Russia stock market on Tuesday was in doubt where to move, which affected the multidirectional closing index, the RTS has grown up on 0,82% to 1,103.02 and the MICEX index lost 0.42%, falling to 1,115.85. The negative impact on the shares had a retreat in petroleum quotations from the maximum marks, as well as reduce the Chinese market. Adjustments in the final result has made the opening of American sites in the positive zone, where its role was played by statistic data and the decision by Obama to extend the powers now the acting head of the Federal Reserve Ben Bernanke. Among the outsiders of the market were shares RusHydro, as the company announced the possibility of holding a small additional issue to raise funds in order to eliminate the consequences of the Sayan-Shushenskaya GES. Other news from VTB on the offering price of shares of additional issue of 4,82 penny bank, which almost coincided with expectations, failed to keep the paper from falling, despite the excess of market value by 10%. European stock markets finished Tuesday increased the basic indexes, continuing to set new records this year. Data on the GDP of Germany confirmed the beginning of the restoration of economic revival. As always, not without influence statistic data from America, which pleased investors, as well as the change in housing prices and consumer confidence exceeded expectations, strengthening the belief in the restoration of the world economy. Following the statement by the bank Royal Bank of Scotland's intention to redeem their shares at the UK government at the center of the paper hit the financial sector. Demand was also observed in the securities of telecommunications companies as well as JPMorgan Chase Co raised recommendations of the sector, but advice on mining companies were downgraded because of the significantly gained weight in metals prices, which adversely affected the actions of the sector. Moreover, the negative pressure exerted paper energy companies against the backdrop of falling oil quotations. The price of black gold began to fall after the information came from the American Petroleum Institute on the unexpected increase in stocks.

American share platforms slightly strengthened their position at the top. All the more obvious trend of improvement in the U.S. housing market and rising consumer confidence helped lift the shares of construction companies and retailers. In addition, maintaining the post of head FRS of Ben Bernanke for a second term further encouraged by the bidders, as well as his actions to overcome the bottom of the crisis much appreciated by the market, and the preservation of a given course of the signal for an early economic recovery. Checked the growth of stocks of energy companies fell due to decreasing oil.

Asian stock exchanges today are growing up on the background of American statistics, which increased the confidence of consumers, therefore, particularly in demand shares exporters.

Russia stock market at the opening of the newly depart downward, and probably again to check the strength level of 1100. One of the main targets for the movement will be oil quotas, which seriously subsided during the night, so if they restore our index will go up to 1120, and if the statistics from the outside will again be positive, we can rise even higher in 1140.

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Analyst Ratings


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Optimistic sketch

Ukraine managed to break big and clumsy Soviet economy and build a small, flexible and extremely robust ...


Forex - results of the day
The stock market of Russia on Tuesday adjusted downward, statistics from the United States added volatility
If MICEX overcome a mark in the 1120-1130 points, the next resistance level is 1,200 points
Today, the abundance of corporate reporting issuers may cause Russia's revival on the sites

 

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